Tuesday, 30 March 2021

Gold Price Eyes $1,700 as Yields Climb, ETF Outflows Continue

Gold prices declined 1.3% so far this week, weighed by a rising US Dollar, ascending Treasury yields and continuous ETF outflows. Traders are eyeing a near-term support level at US$ 1,700.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...